Monday, January 19, 2015

January 19th Levels and Trade Plan

Morning all,

On this shortened day we will be using 00.75-02.75 as our bull bear zone. Above this we have 13.5-15.5 Resistance. This would have to see a good real time setup to short here. Above here we could breakout to 25.25-27.25 and 34-36. Above 13.5-15.5 bulls would be in firm control and we would have to make sure we are not in a trend day scenario when approaching resistance. 

Below the B/B zone we have support at 94.25-96.25. Where ES could see responsive buyers on first test and then below this we have 80-82 which should be assesed in real time for a good setup. Below that we have 69-67. 

Happy Trading. 

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